digital era conflict worries washington an invisible cyber war between the u.s. and china rages and some security professionals say america is losing badly. data over time implementor elections the sex scandal survive about a scary new gets a topless reception at the ballot while it's funny man channels the country's rage over austerity. as the latest talks on the syrian civil conflict as russia struggles to bring both the opposition and the government to the negotiating table with the rebels are reluctant. to use a russia and iran the wall this is an see with me. hello and welcome to the program

the competition between the u.s. and china excuse me has gone digital and the western superpower isn't feeling confident key intelligence figures think america is already losing a major cyber war using baby how can into washington security he's more an airport nine hour reports. in january it is my pleasure to welcome president hu to the white house washington and beijing were the a list couple of geopolitics the positive constructive cooperative u.s. china relationship is good for the united states in february america's feelings are fleeting china unleashing its full spy power let's return to the alleged link between china's military and a prolific hacking group most cyber attacks are being carried out by teams inside the chinese military china is officially out of control because don't look now but prove today our sugar daddy is a thief beijing became an overnight security threat last week after the american

information security firm mandiant identified a secretive chinese military unit as the likely source of hacking against u.s. corporations a charge china vehemently denies. however as the u.s. refocuses its military might from the middle east to china's backyard critics say it's no coincidence that beijing is suddenly morphing into america's virtual al-qaeda i think this is part of what obama calls the asian habit which is really in china and this cyber thing is is fits right into that pattern i think what we're looking at is art of this obama pivot to focus on china and to paint china is the new military threat to the world it's a demonization china earlier this month u.s. president barack obama signed an executive order aimed at strengthening america's defenses when you know hackers steal people's identities and infiltrate private

e-mails we know foreign countries and companies swipe our corporate secrets. now our enemies are also seeking the ability to sabotage our power grid our financial institutions our traffic control systems we cannot look back years from now and wonder why we did nothing in the face of real threats to our security and our comp but according to reports washington is all too familiar with the offensive side of cyber war it's the u.s. who launches things like stuxnet that together with israel to to cripple certain iranian technology capabilities in two thousand and ten a computer virus known as stuxnet infected tehran's enrichment facilities destroying nearly one thousand of iran's six thousand centrifuges according to reports the virus made entirely out of code was a joint collaboration between the us and israel in terms of a pandora's box i think it will be slightly harder for the united states to adopt

a position of purely defensive we've sort of made it clear that we're willing to use cyber in advance of our national interest while reports about china's a legit cyber attacks have dominated u.s. mainstream media much less is being said about the pentagon's decision to double down on its cyber war workforce expanding from nine hundred to more than forty five hundred employees experts say the move is indicative of washington's evolving military strategy every commander. is going to be is the next major war will include is cyber component it will just be a traditional insurgency a bombing from where the center a ground troops the next floor almost certainly will include a cyber component and the edge of cyber war france could become foes by the click of a mouse and some say in a very short time relations between the u.s.

and china over a virtual espionage can resemble the long stalemate that took place with the soviet union during the cold war in a port i.r.t. new york. and you can have your say and express your opinions on what's going on between the u.s. and china and i'll pull so let's have a look at how you've been voting so far so more than half of you think that this is part of obama's p.r. campaign a bit more than fifteen percent think that these so-called scandals is about as almost the same number of voters saying this is a glimpse of the next world war and finally just six percent of you well they see this as a warning to china so do had to ought to have called and how do you. think

. as the second and final day of voting on a sunday in a parliamentary compay no fault with bass our rhetoric and tough questions about austerity yesterday so most major party leaders caused the ballot with a bunch of serious cundall survivor silvio berlusconi targeted by purse hester's so topless a felon activist squashed his photo opportunity chanting and now with polish carney before being swarmed by police and underscored it out and other strong factions include the democrats and a new party founded by family run florida and for comedian tasering english the reports now on a vote that are shaping italy's future. the streets of rome aligned with posters from various political parties and candidates all smiles and bright colors offering the best future possible for italian voters. have. been since i.

was a good candidate i told. you i. think it's fair to say. it's not because i see. the program low is not the leader but the face of a movement whose plan is simple to do away with the politics that italy has been used to for the past couple of decades and bring about a new type of rule the number saved on my part i don't feel protected by the state i want to state that is visible there is no state in this country just a bureaucracy of laws that has replaced democracy there isn't anything left among the crowds disillusioned with italy's politics is done the analysis she started small by successfully challenging politicians in his small hometown in the south

like many talents he does not trust the current political system if the least of all the utility that you hear will be that wall ok if you're going to be if you stay where you live if you want. but it is time for a change at least one hundred thousand people showed up to support group movement in the center of rome the biggest political gathering in half a century people say popular because this speaks clearly and this is one of the brain thinks is says they have to go. home or. they're finished this right because the the political class has lost in the in the influence on the land to part with the population especially young people. the crisis which we have a political class absolutely unable to cope with the situation and the situation is a desperate one the longest recession in twenty years more than one third of the

country's youth are without a job corruption that feeds organized crime and manages to siphon off as much as sixty billion euro a year by some estimates and declaring wealth divide between various italian regions basically italy's huge a parliament will have a mouthful to chew to avoid choking on the problems which have accumulated over the years perhaps doing away with the old men in suits no matter how respectable they may appear in favor of a foul mouth but seemingly honest comedian may be just the thing to put an end to italy's political drama in rome it in a go. the voting officially closes at fourteen hundred g.m.t. today with exit polls made available shortly after but already political analyst alison draw a polity doubts any of the candidates will deliver on their promise to rein in italy's finances. well the problem of your is not the problem of public debts this is a financial assault that has been concerted by private entities to milk money from

the eurozone that said of course berlusconi is not really the best choice to to drive around these difficult obstacles and monti wasn't really so much better despite being well connected with the financial world has a wonderful work. but very little continent and this is a bit worrying because as soon as he gets in it gets in parliament and it's not just italian politics who make politics in the world and frankly for the moment they don't feel he is really well equipped i hope he will make up because anyhow he will come up with a sizable number of parliamentarian this but they have really to study very hard and very fast to come up with something credible. chancellor merkel brings

new hope to germany calls for a restart to stalk talks on korea's ascension to the e.u. despite serious human rights and economic concerns well that's coming out. and america's new foreign secretaries on his vast foreign top syria and iran are among the main topics with no significant announcement are in store in a few minutes and got their opinion on why he's being cautious. in the latest attempts to find a breakthrough in syria's a painful civil conflict the country's foreign minister is to hold negotiations in moscow the peace process has suffered a new blow though after the western banks opposition withdrew from all international talks complaining over lack of pressure on the assad regime and the group is going off is joining us right now from central moscow hugo nice to see you so what's the significance of this visit the giving the ongoing diplomatic standoff

. well this is it comes and midwives spread uncertainty over whether or not the syrian opposition will take part in negotiations with the saudis who say that they are ready and there were dim hopes that the rebels would do the same since last week their leader for the first time said that they were ready for a dialogue with the syrian government now it seems that they are returning to their traditional line and going even a bit further since the rejected an invitation to come to moscow for talks to washington and also now said that they will not take part in the upcoming meeting of the so-called friends of syria group due to take part due to take place in rome when it comes to moscow and the opposition says that all of this is out of protest or the lack of an international reaction to what they say are atrocities committed by the syrian government and they also accused russia of supporting president assad

again despite well russia's criticism. of the syrian government's use of disproportionate force but when it comes to this refusal to come to moscow that's more or less foreseeable but it really came as a big surprise when it came to the friends of syria group which was initially florimond to support the syrian opposition and this. while create fears of a divide between the rebels and their outside supporters washington has called on the opposition to change it to change its mind promising only promising support despite russia's calls for everyone to apply equal pressure on both sides of this conflict but while clearly the last control there is over at least one side of this conflict the smaller our chances for any sort of peace negotiation

or any dialogue between the scene authorities and the rebels. right now he's eager to skin off reporting that line from essential in most cases the girl many thanks indeed for that update. and syrian pro-reform accessed are not what counts as western powers could be losing their grip on the rebels who are pursuing goals and they do not want to have any dialogue with the syrian government because all their strategy is based in a sense on the syrian government falling and them coming as a substitute they do not have a lot of quality on the ground we also know that it is for the rebels rather than the political elite that are called the national council was recently the national commission so all they are interested in is for the government to form they know that the western societies of western countries have invested a lot in them both in money and time and so on in organizing them and they think

that they could probably make a stand here with regards to what they see is the policy this is a bit funny because now if they choose to get out of this sort of international friends of syria meeting then the western community is really would have no leverage whatsoever in the syrian crisis. wealthy british style stock. market. has come to. find out what's really happening to the global economy max cars are for a no holds barred look at the global financial headlines two kinds a report. speak your language.

music programs and documentaries in spanish what matters to you breaking news a little tentative angles keeping the stories. altie spanish find out more visit i to our. tito it's. sick.

q. . was. welcome bach the newly appointed the us secretary of state john kerry is in london on his first official foreign tour of some meeting top officials that he will head to berlin don't forget that the trip will include nine states checking on america's nato allies as well as its key friends in the middle east kerry is expected to talk about iran's nuclear program the french intervention in mali and the civil war in syria in italy he will meet members of the syrian opposition on their allies

however here how sad they support would mostly be a listening toll and no significant change in america's styles is expected how about this might mean that washington just wants to shift the burden of foreign wars to its nato allies as john rees an expert on american foreign policy it's always been very important for the americans to keep the nato alliance together but they always wanted to keep it together on their own terms it's always been the case for instance that the senior commanding officer in nato is from the american armed forces and what the americans constantly want to do is to shift the burden of military intervention on to the european cars but to keep political control all the process and i think that we've seen that a number of times recently especially since the american focus is now beginning to shift towards the pacific to deal with the rising threat of china we are going to the europeans now have to take on a greater share of burden in respect of policing the arab world and north africa

what we're seeing here is an attempt to convince the nato allies that they should pay more but have no more influence. iran has announced it's found thousands of tons worth of you reigning results and it says it will use them to expand its nuclear infrastructure and build the old power reactor it's all typical for you find out what i think you want to see if you are out to do about it. and internet freedom north korea style the country wants to make more of all internet its main tourist attraction giving foreign is online access. to the. german chancellor angela merkel's caused a stir in turkey by calling for talks on. ascension to the e.u.

to be restarted cho is currently on a trip starting with a visit to german troops on the border with syria but her support for techies aspirations to join the e.u. and being echoed at home concern about uncurious human rights record is especially strong with more journalists reportedly jailed in turkey than in iran and china combined so delays in tools have caused great annoyance with pm calling be holed up unforgivable but man will oakes and write a political analyst and journalist says the big current economic situation and the needs take your citizens without any desire to enter the battle. we have to see that european union is no democratic pro chafed its political approach a sort of ideological approach because when you ask the people in germany if they wanted to have the euro for example fifteen years ago a huge majority of the people who were against getting that europe ask the people if they want to send troops to the turkish syrian border they say no the european

union is a construct with out the democratic base it's an ideological based and so maybe hopefully we can hope for for the turkish people that they will have the right to take part in the referendum a vote about a turkish your membership because i can imagine that for the turkish citizen to see how the european the whole of the european union develops now in those states is doesn't seem very attractive to become a member of that club and now for some international news in brave the south thousands turned out across well garret to show that anger at a rising give has a cost and corruption in the energy sector ten thousand war in the capital alone waving national flags and shouting government slogans and this just to wake up to countryside protests falls the conservative party to resign from power. now castro has told the national assembly he will stand down as cuban president

when his current term ends in two thousand to eighteen the eighty one year old took over from his older brother fidel castro five years ago and miguel diaz cannell voted as vice president at the same assembly meeting is widely viewed as cost her successor. south korea's first female president hard in the hair has been sworn in at a ceremony attended by tens of thousands the daughter of the nation's autocratic founder faces among other challenges the question of how to deal with a nuclear armed north korea at the inauguration entertainment was the order of the day as south korea's most famous singer outside the crowd with his signature moves . and in the us some governors are warned automatic spending cuts due to kick kick in at the start of next month will lead to huge job losses eighty five billion dollars will be slashed across sectors funded by public

money democrats and republicans failed to reach a compromise on tax increases some states like texas and virginia with large military budgets will be worse affected than others less reliant on money from washington. but you can only trials facing america stretch far beyond its borders so stay with us for cross talk after the break to find out why other countries turning to the money printing press pose a risk. at least in the case of the united states you're seeing the private sector in the act you seeing a gradual improvement of the economy a much more worried about the european situation where you have been go ahead go ahead we're do you see an improvement in the united states what do you see that and also do you think a monetary policy is going to get you anywhere while you have the balance sheets of every country and the printing of money is destroying it is doing the complete opposite of what you wanted to do the united states' economy is definitely on an

improving its housing sector is coming bag name a little i would. put. the housing going through my comfort the more confidence is not a measure of economic activity. we've. got a sense president hamid karzai has ordered the u.s. special forces out of a crucial province the americans were linked to the torture and murder of local villagers in an area seen as vital for defending the capital kabul the move comes as nato prepares to hunt responsibility for security to local forces by twenty fourteen and politics professor patricia does naras as afghanistan will struggle on its own. the wardak province is you know the family is strong the place isn't

volatile and i think they're kind of tired as well as most afghans having u.s. forces going in and out of people's houses that are and comment karzai president karzai needs to take care has and the seeds definitely president karzai is trying to make a statement and that fact they haven't come to an agreement yet they you know there is there are still a little i'm sure power play going on between the u.s. and the president as to who's going to stay who's going to be in charge you know what kind of numbers they want and how they're going to work but absolutely you know afghan leader is going to have to show that he has a little bit more support throughout the nation and just his region and within the south there and coming up in a few minutes in the latest edition of. david as. well

. science technology innovation all the developments from around russia we've got the future covered. mission. accreditation three times four judges three the arrangement three. three. three. three blog plug in video for your media project a free media dog r.t. dot com in.

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only see. the low in welcome to cross talk all things considered i'm peter all about the specter of currency wars continues to haunt the global economy the dramatic need to stimulate local economies was a dire necessity at the start of the great contraction five years ago today many are worried the federal reserve's massive easing campaign will produce another global economic crisis it appears the only competition out there is who can print the most money the fastest. across the currency wars in the new bubble i'm joined by martin henniker in hong kong he is an associate director at the tight group in new york we have. here is the founder of chap would finance dot com and an internationally recognized expert

in wealth management and in washington we cross the early doubt douche he is a senior associate and director of carnegie's international economics program right gentlemen cross-talk wells and i think that means you can jump in anytime you you want martin it's very late for you someone to go to you first what are you more worried about are you worried about currency wars or a bubble. void of all bet awards because i think you know the main reason why they are racing to debase the currency is may not actually be really the economy or the export side but really the fact that all of the major best and countries or most of them anyway are really heading for nation of bankruptcy you see japan they've got a debt to g.d.p. ratio of two hundred percent in the us they have had warnings from the former comptroller of the united states that the that the u.s. is now two years away from that greece was when it had its crisis and then new europe is totally broken hopeless you just spain just pulls another record in

instead the highest that accumulation of the highest the addition in one hundred years italy is out of control. but in the economic side and so nothing is under control that's another currency war or they did the basement in order to reduce the debt burden in real terms we think money printing is going to continue on the massive scale and b. don't think that those currencies the dollar the euro the yen and stone actually for that matter and to some extent the global currency is across the board to say stall value anymore because of that ok ed where do you jump in on this ok i mean people are talking about a new bubble here i mean i got to tell you there's an old. well i mean there's an old line you know when writing a dead horse dismount and in the united states we continue to print this money and let's not forget the united states is the largest economy in the world if you take the number two three and four which is china germany japan and adams together they add up to the size of the u.s. economy so as the u.s.

economy goes goes the rest of the world we just know that to be a fact in the united states is absolutely just i don't know money inventing a laugh signs and you don't understand how for china it is martin go ahead go ahead finish your point ok but you're going to have the same time as the size of the economy ok all right ed then we'll go back to martin well the facts are that that's what it is i just want to say sorry. again i just want to say we just got the news that china eclipsed the u.s. in trade so if you're looking at the total number of exports and imports of goods in the united states last year that was three point eight two trillion china right eight seven trillion and if you're looking at the g.d.p. you said this is too conscious when you look at the nominal g.d.p. but you need to look at the purchasing power adjusted g.d.p. that really reflects the real size of the economy because on that basis the renminbi is actually still under bollywood and so china and many many regard because of that's not what i was saying what i said was that you guys if you read

on to me ok i want to go jump in or are you worried about currency wars in a bubble very go ahead. i know in general i'm not worried about it she was i am not worried about put the action as by and large being kept in check i also think that one day maybe seven years down the road we may have to worry about a big bubble again because of all the money that's being printed but we are not yet in a new bubble economy however i am very couldn't so we're definitely high we're jolly and travelling and i didn't record it there's no question about it. yeah and we are probably travelling in the direction of a bubble i agree but we're not i don't see a bubble yet i am however while he does martin is particularly with the european

situation i think do you see is which but a dog simply has to do with the fact that there isn't enough of a currency war in europe in the fall in the sense that these countries can no longer. individual currencies they cannot change the exchange and that is a very important gleeson d.-u. a crisis that is persisting and indeed potentially deepening martin and it's are too much liquidity out there i mean i need to throw in the right you go first. at this point go ahead ed. i believe the entire world is in stagflation i mean we have lots of printing of money we all know that the cost of goods or our you know the prices going up from dramatically in the united states they do all horrible job of measuring the cost of living increase they have the c.p.i. number that's manipulated has been since the early one nine hundred eighty s.

and we have very high unemployment around the world as you just said we have it in europe and it's not getting any better quite frankly it's getting worse and you know the question isn't so much protectionism it isn't. so much as you said in europe you know currency war we just see printing of money devaluing of all currencies you see venezuela devaluing their currencies will probably start to see other countries to raise out of there are good and we're not raising them i don't need to do a one eighty that martin got an exactly right that we're after them right now and we need to do a one eighty yet. yeah and i absolutely agree this add on a few major things here that we have stock for asian and you know that i mean obviously there's money predation of the inflation rate in the united states and in europe you know probably to some extent around the vote but i don't agree anything at this you know maybe not looking much beyond the u.s. hero and europe to asia i mean it's not true that you have the high unemployment rate around the world asia is actually booming right now maybe you haven't noticed

but actually in china the factories can't get enough to up us because you know many many of the growth is on returning right now from from chinese new new u.s. holiday to the factories in the south they're finding work as well there's actually a very low unemployment rate in china right now and in many other asian countries so not everybody is tried the same and another interesting point on this or that i would note is that china and russia are so they have actually been massively buying gold recently and i think they're very much preparing for this race for the bottom and rend that happens that these western countries are totally debasing be it for the crisis reason or for trying to stay competitive is they less and less i anyway then when that happens maybe china and russia they're ready to implement a gold standard who knows or china will say well if you trade in our own kanzi that we make the revenue be one of the new reserve currencies they may be very very ready and prepared for it but to western countries and realize and am prepared for they have been to some extent still selling their gold only now germany starts to

wake up very slowly to take some gold back that they're stored at the fed which may not even be there but it but then give them seven years you know why they should all take the gold immediately you know you bunch wouldn't trust the ghost stories in the united states or the u.k. really do you think there's a race to the bottom. i look i think all the. monetary expansion is motivated by trying to reestablish a semblance of growth in the india advanced economies that have been very badly hit by the financial crisis i don't think they sing with each other in any meaningful way trying to do the economies i think is printing money to. a willing to my chance to idea well well they kind of land out of options right now because. their government debt is

is high they can only do so much more fiscal stimulus they have to actually cut back on government spending in order to get the government accounts back into balance unfortunately to central banks have been left as and particular so he knew it had been left as the only game in town and they are doing what they can how does i don't know how do you think that what you're doing is now particularly effective way wait wait i don't think what they're doing now is particularly effective and the same time i don't think dad racing with each other in any significant way and i think that. at least in the case of the united states you're seeing the private sector the act you're seeing a good tool improvement of the economy a much more widely about the european situation where you have been go ahead and go

ahead we're do you see an improvement in the united states what do you see that and also do you think a monetary policy is going to get you anywhere while you have to balance sheets of every country and the printing of money is destroying it is doing the complete opposite of what you wanted to do. go ahead well do you noticed united states economy is definitely on an improving bad housing sector is coming bag name a name or i would. put the housing sector because you'll notice that housing is going through my confit consumer confidence is not a measure of economic activity look a lot a lot a lot of the problem with i now or has been since the financial crisis is the absence of confidence and overly leverage households and corporations not corporations so much households and banks these situations are

slowly getting better the united states has the flexibility you're listen i you know i resigned i have to tell you is helping a little bit that's just not true what you're saying. yeah you look i live here i live and breathe this every day i'm hearing you say why and what you just said is just not true all right gentlemen i mean i hear they have been here to legalize the story for a while we'll continue our discussion after that we'll continue our discussion on the printing press stay with r.t. .

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back to crossfire where all things are considered i'm peter lavelle to remind you we're discussing currencies and bubbles. martin how worried are the chinese about this printing press ok and their future. well there are quite warry it which is you know one of the reasons probably why they're buying a lot of gold actually there's an interesting cable that you can find on the internet which was released by wiki leaks it's a cable from the u.s. embassy in beijing to the headquarters in washington from the twenty eighth of april two thousand and nine and just want to briefly read that. one quote here read this quote from the chinese news john saying the u.s. and europe have all of us suppress the rising price of war that intends to rekindle its function as an international reserve currency and don't want to see other

countries turning to gold instead of the dollar and the euro therefore suppressing the price of oil is very beneficial for the us in maintaining the dollars role as international reserve currency but in china and once to increase gold reserves and then also the ones that will support the remnant be internationalization so china is really working behind the scenes quite a few variously to try and make the remnant be support the revenue be this gold backing to make it more acceptable to would be and be ready if and when the dollar or maybe even the u.s. loses control of the dollar inflation problem saw now obviously very varied in terms of whether right now the u.s. dollar is unfairly value low against the remnant be you know that's a very questionable also if they get now while you'd lower than the renminbi not really on the purchasing power basis so i don't think either that japan has done something on fairly recently but but as a whole a good friend with a briefing there in concert tonight with bridge there in competition to print right now with the americans. yes they are in right now let's just get going to

jump in. peter peter. peter i want to say that just the other you know not too long ago they came out the fed and said guess what we're probably going to curtail our printing of money out of thin air because it's not having any effect so when is the world going to realize the printing of money devalues the currency destroys balance sheets and all these countries and everyone needs to take austerity measures cut taxes and stimulate their economy that way because europe is a work and it isn't working in the united states it isn't going to work in other places like japan and we're going to continue this until somebody stands up and says time out it's over stop doing it and the idea that you can continue to try to tell people it's going to work i can tell you i look like brad pitt who's a movie star here in the united states but it isn't true i can tell you that we're going to continue to print money and things are going to get better it isn't true it's not going to work larry how can printing money help ok in this day and age now

five years after the fact look look i don't want to i don't want to come first of all i wanted to tell the head that i am indeed united states i am in washington d.c. that's where i live and that's where i'm talking from just a he should know that the. i'm not a great fan i'm not a great fan of this big monetary expansion that's happening at the same time i don't think you should exaggerate it's impact yet. we are seeing very little indication anywhere india advanced countries of the inflationary pressures and. quantitative easing and i think has had a small impact small positive impact on showed on long term interest rates.